Saudi Electricity Company (SEC), the largest electricity company in the Arab world, inked Thursday a deal for a $2.15-billion revolving credit facility with eight international financial institutions that have agreed to support the utility company expand its public work.

SEC will get the loan in two tranches: the first with a maximum of $1.578 billion, which will mature after three years, and the second with a maximum of $573 million that will mature after five years, state-owned news agency SPA reported.